Group Statements definition

Group Statements means the annual audited consolidated financial statements of the Group prepared in accordance with Applicable Accounting Principles.
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Examples of Group Statements in a sentence

  • Such Parent Group Statements complied in all material respects with all applicable Insurance Laws when filed or submitted and no material violation or deficiency has been asserted in writing (or, to the Knowledge of Parent, orally) by the Group Supervisor with respect to any of such Parent Group Statements that has not been cured or otherwise resolved to the satisfaction of the Group Supervisor.

  • Promptly following the Closing, Seller shall prepare (and shall be responsible for its own costs and expenses) an unaudited balance sheet of the Misomex Group as at the Closing Date, which shall be prepared in accordance with GAAP (subject to normal year-end adjustments and the absence of notes) and shall be prepared on a basis consistent with the Combining Group Statements.

  • In calculating EBITDA for the Earn Out, the Purchaser will use substantially the same accounting methods and policies as were used in the preparation of the Group Statements for the year ended Aug.

  • Except as disclosed in the Group Statements and/or the Group Interim Statements or as set out in Schedule 3.1(p), neither the Vendors nor the Group have made or committed to make any capital expenditures, or authorized any capital expenditures at any time since July 31, 2007, other than in the Ordinary Course.

  • Except as set forth in Schedule 4.5, the Combining Group Statements were prepared in accordance with GAAP in the United States ("GAAP") (subject to normal year-end adjustments and the absence of notes), fairly present in all material respects the combined financial condition of the Misomex Group as at March 31, 1997 and have been prepared in accordance with the information contained in the books and records of the Misomex Group.

  • Except as disclosed in Schedule 4.10(c), the provision for current taxes of the Misomex Group in the Combining Group Statements are sufficient for all currently unpaid taxes of the Misomex Group.

  • Seller has delivered to Buyer a copy of the unaudited balance sheet and income statement of the Misomex Group as at March 31, 1997 (the "Combining Group Statements").

Related to Group Statements

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2006 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2006 interim statement of the insurance company.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.